Baker & McKenzie’s client the Dallas Stars recently announced the successful completion of a $95 million refinancing with a syndicate of banks led by Bank of America and including BBVA/Compass Bank, Comerica and HSBC.
“This completes the refinancing work we started last year on the acquisition of the Stars by Tom Gaglardi,” said Mr. Gaglardi’s attorney, Jim Rossiter of Baker & McKenzie. “At the time of the acquisition, Mr. Gaglardi assumed the existing facility on the team to expedite the closing. We have now put in place a permanent facility for the Stars with a small group of banks who have strong connections to the team, the Dallas market and Mr. Gaglardi.”
Mr. Gaglardi stated, “We are thrilled by the support shown by these four leading lending institutions and their belief in the Dallas Stars.”
Baker & McKenzie deployed a team of lawyers which included veteran sports dealmaker Jim Rossiter and banking & finance attorneys Ata Dinlenc and Olumide Owoo. Kevin McGinnis, Paul McNamara and Tim Hicks of McGuireWoods represented Bank of America and Tom Gowan of Skadden Arps represented the NHL.
Baker & McKenzie congratulate the Stars and wish them every success this upcoming NHL season.
